The Corona virus may succeed in realigning the balance of trade better than any of Trump’s tariffs or negotiations. The Chinese market is still so large that it cannot be ignored, but it also can no longer be depended on to be a consistent and secure source of supply of critical components for American manufactured goods.
Read More“Being poor is the worst kind of competitive advantage to have, and only two kinds of people pursue that advantage as a matter of national policy. “
Read More“the worst forms of tyranny very much include majoritarian tyranny. One might think that the Trump presidency would cause progressives to think twice about what William F. Buckley Jr. dismissed as “the authority of political truths arrived at yesterday at the voting booth.”
Read MoreFrom National Review, Kevin Williams’ China’s Population Problem: Governments always operate in ignorance, and authoritarian governments suffer from this more than the governments of liberal societies. That is because in liberal societies, the spontaneous orders of markets, civil society, and
Read MoreThey likely do not recognize the legitimacy of individual ideas as property. For them it is not theft, it is a stark difference in political culture. Trump may think he is seeking simple economic fairness, but he is really asking for China to change its civic culture. This is a challenging reconciliation.
Read More“China targeted pistachios to inflict pain in a region where Republicans are politically vulnerable. About 99% of American pistachios are grown in California’s San Joaquin Valley, home of GOP Reps. David Valadao, Jeff Denham and Devin Nunes.”
Read MoreThe meritocracy of China is a challenge to the popular democracy of the United States. For too many of us the restraints on democracy and the accountability of capitalism have become irrelevant philosophical constructs. Our democracy has descended into self-interested voters voting for both lower taxes and more spending, and our political fools are aware that reality is a useless campaign tool.
Read MoreHe avoided the accumulation of economic data, believing the cost of accumulating outweighed its value. He felt such data was used to enable economic planning which he opposed, and because it instilled a false sense of certainty about outcomes. Cowperthwaite governed from principles, not data.
Read MoreFrom Andy Kessler in The Wall Street Journal, Quit Modifying Capitalism (paywall) State Sponsored Capitalism (China) Casino Capitalism (Bernie Sanders) Sustainable Capitalism (Al Gore) Patrimonial Capitalism (Piketty) Surveillance Capitalism ( new one for me- Ivy League origin) Popular Capitalism Conscious Capitalism (John
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